From January to March, 29 homes sold in University Village / Little Italy for a median price of $297,500. That's 5.3 percent lower than median home sale prices for the first quarter of 2017.
In the first quarter, there were no foreclosures in University Village / Little Italy.
Median property tax for homeowners in University Village / Little Italy was $5,581.22 in 2016 according to tax data from that year. That means homeowners pay 1.6 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.
University Village / Little Italy real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
15
$450,450
-
2010
20
$338,865
-24.8%
2011
23
$226,000
-33.3%
2012
24
$220,725
-2.3%
2013
26
$261,630
18.5%
2014
30
$329,660
26%
2015
23
$302,100
-8.4%
2016
32
$341,250
13%
2017
25
$314,160
-7.9%
2018
29
$297,500
-5.3%
Median property tax
Median sale price
Effective property tax rate
2009
$7,724.59
$450,450
1.7%
2010
$5,204.70
$338,865
1.5%
2011
$4,131.76
$226,000
1.8%
2012
$4,170.88
$220,725
1.9%
2013
$5,112.34
$261,630
2%
2014
$5,914.94
$329,660
1.8%
2015
$4,269.79
$302,100
1.4%
2016
$5,581.22
$341,250
1.6%
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